The Money Podcast Why Money is The Worst Asset EVER!
Where do you keep your money? Listen in to this episode with Rob to hear why one of the most common ways people keep their money, in cash, is actually making them (and you!) poor and what you can do instead.
KEY TAKEAWAYS
- Cash money is probably the worst investment asset class.
- Inflation is so high right now that cash in the bank is becoming worth less and less.
- When there is high inflation, it’s all passed onto you, if not extra. Yet interest rates aren’t fully reflected in your savings!
- Greedflation is where brands are putting up prices way above inflation, which we are seeing frequently right now.
- The rich get richer and the poor people get poorer because the rich know that cash is a liability.
BEST MOMENTS
“Savers are losers”
“Whenever there’s inflation, it’s passed onto you and more”
“Cash money is virtually worthless”
“The poor can only store their wealth in cash money”
VALUABLE RESOURCES
bit.ly/Robsupporter
ABOUT THE HOST
Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur”
“If you don't risk anything, you risk everything”
CONTACT METHOD
Rob’s official website: https://robmoore.com/
Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs
LinkedIn: https://uk.linkedin.com/in/robmoore1979